The global housing market managed to record the fastest growth since December 2016 with 70% of the cities analyzed recording positive changes, reveals the Prime Residential World Cities Index by Savills Aguirre Newman, quoted by 'El Economista'.

Against the subdued industry figures recorded between June 2018 and December 2020, growing only about 0.7%, the report reveals that 2021 was marked by a strong increase in real estate prices, especially "due to low interest rates."

The results are not the same in all regions. Chinese and North American cities, for example, have achieved the greatest price increases, with the volume of purchases growing in recent years.

Paris (France) and Mumbai (India), on the other hand, were the cities with the largest price declines, hurt by the lower volume of transactions achieved during the past year and the extended confinements.

Singapore, Bangkok (Thailand) and Kuala Lumpur (Malaysia) managed to get out of "negative territory. Lisbon, Dubai (United Arab Emirates), Cape Town (South Africa), Moscow (Russia) saw their prices grow, due to "telecommuting.

Luxury real estate rental, on the other hand, saw rental prices increase by 0.5% in the first half of 2021, after the 1.8% decrease in 2020.